Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
AIR Adds European Windstorm Model to System
Jan 20 2004 // Boston’s AIR Worldwide Corporation announced that its Extratropical Cyclone Model for Europe has been incorporated into CLASIC/2, AIR’s detailed risk modeling software system. “The model, which...
Zurich to Integrate European Business Divisions
Jan 20 2004 // Zurich Financial Services announced a decision to regroup the company’s businesses in Europe to create one Business Division. Effective March 1, the new division will comprise Continental Europe, the United Kingdom,...
Robert Goodman Joins Rothschild As a Managing Director-Insurance Sector
Jan 19 2004 // Robert Goodman, a veteran investment banker who specializes in the insurance sector, has joined Rothschild as a Managing Director in its Financial Institutions Group based in New York. Gerald Rosenfeld, CEO of Rothschild...
RMS Risk Analysis for European Windstorm Losses Covers Electricity Transmission and Distribution
Jan 14 2004 // California-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, announced that it has performed the risk analysis for the Pylon Ltd. securitization...
Moody’s Comments on Italian P/C Insurers Outlook and Ratings
Jan 9 2004 // A report from Moody’s Investors Service notes a stable rating outlook for Italy’s rated P/C insurers and a steady improvement in results since 2001. “The continued upturn for most of the seven rated...
Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses
Dec 30 2003 // Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent...
Imagine Completes Greenwich Acquisition; Expands Global Operations
Dec 16 2003 // The Imagine Group announced from its Barbados headquarters that it has completed the acquisition of a two-thirds equity interest in Greenwich Managing Agency at Lloyd’s. The bulletin said Greenwich would be renamed...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Weather-Related Disasters Cost $60 Billion in 2003
Dec 11 2003 // Delegates attending the current meeting of the United Nations Environment Programme (UNEP) in Milan heard a report, prepared by Munich Re, estimating that the cost of natural disasters, most of which were weather-related...
Ewald Kist to Retire as ING Chairman
Nov 20 2003 // Ewald Kist, an enthusiastic runner, will soon have more time to train for the next ING New York City Marathon. He will be 60 next year, and the Netherlands-based Company announced that on reaching that milestone he will...
Best Affirms ACE Belgian Sub ‘A’ Rating
Nov 17 2003 // A.M. Best Co. announced that it has affirmed the ‘A’ (Excellent) financial strength rating of ACE Europe’s Belgian subsidiary, ACE Insurance S.A. – NV, with a stable outlook. “The rating...
New Swiss Re Publication Looks at Question: Is Ecological Damage Insurable’
Nov 12 2003 // Legislative initiatives within the European Union, as well as at the United Nations, the European Parliament and various countries reportedly are currently aimed at introducing a liability regime for dealing with...
Axa Looking for More European Acquisitions
Nov 12 2003 // French insurer Axa is seeking further acquisitions on the European continent, but according to a statement by CEO Henri de Castries it is not looking to purchase Italy’s Generali, Reuters has reported. “That is...
S&P: European Sector Strong Despite Negative Trends
Nov 10 2003 // Rating outlooks across the European insurance and reinsurance markets remain negative despite positive trends emerging in some sectors, Standard & Poor’s Ratings Services said in a report. “Although...
FERMA Conference Highlights Risk Management Concerns
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
FERMA Conference Highlights Risk Management Concerns
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
Europe’s Banks and Insurers Appeal for Regulatory Harmonization
Oct 29 2003 // The European Financial Services Round Table (EFR), has prepared a report titled “Harmonization of Regulation and Supervision of the European Financial Sector,” calling for increased harmonization on a European...
ACE European Group Announces D&O Management Changes
Oct 21 2003 // ACE European Group has announced some changes to its Directors & Officers management team for the UK and Ireland, effective November 1, 2003. “In order to capitalise on significant growth opportunities in the...
XL Re Appoints Dieter Kohl Sr. VP, European Casualty Manager
Oct 17 2003 // Bermuda’s XL Re Ltd. announced that Mr. Dieter Kohl has been appointed to the new position of Senior Vice President and continental European Casualty Manager. He will be based in London, reporting to David J. Watson,...
